Opinion: The Democrats’ new tax plan is their clearest, most efficient blueprint yet
By Catherine Rampell Catherine Rampell Columnist covering economics, public policy, politics and culture Email Bio Follow Columnist April 11 at 6:57 PM Just in time for Tax Day, we have new insight into the dueling partisan visions for the U.S. tax system.
This week, we saw Democratic senators coalesce around a specific iteration of that theme. In new legislation, they offered the clearest blueprint yet for what they would do if they regained unified control of government. For those unfamiliar, the EITC is a tax credit that incentivizes work by topping off workers’ wages. Given the EITC’s record of lifting living standards and job growth, it has long enjoyed bipartisan appeal; Republican and Democratic presidents alike have presided over successive expansions. If passed, this new bill would boost the credit for families who have children and massively expand it for “childless” adults , who are currently eligible for little support.
It also has the virtue of building on ideas that have traditionally had bipartisan support without undermining that support, as some other rival Democratic proposals risk doing.
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